In 2023, corporations and educational institutions based in the United States were asked to report on the reasons behind the decrease in the training budget that year. According to the survey conducted, the largest share of respondents stated that their training budget decreased as a result of budget cuts due to economic uncertainty. This was followed by the next largest share of respondents claiming that reduced training staff was the reason for the training budget decrease. The third place ranking was completed by respondents who claimed that they attended fewer outside learning events such as conferences and seminars.
Reasons why the training industry budget decreased in the United States in 2023
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Other statistics that may interest you Training industry in the U.S.
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Outlook
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Statistics
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- Annual number of training hours spent by employees worldwide by training area 2016
- Change in the training budget compared to previous year U.S. 2023
- Training delivery methods in the training industry by company size U.S. 2023
- Average training budget worldwide by company size 2016
- Share of expenditure allocated to employee training by job type 2023
- External spending in the workplace training industry in North America by type 2016
- Employee willingness to do on-the-job training in the Netherlands 2018
- Per employee direct learning expenditure worldwide by company size 2018
- Per employee direct learning expenditure worldwide by industry 2017
- Change in the number of training-related staff since last year U.S. 2023
- Training expenditure per person trained in the United Kingdom (UK) 2011-2013
- Share of clients of the coaching industry worldwide by age and region 2015
- Most used talent management activities by organizations in the UK 2015
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- Average training hours an employee receives in a year in the UK 2015
Training Magazine. (November 14, 2023). Reasons why the training industry budget decreased in the United States in 2023 [Graph]. In Statista. Retrieved December 08, 2023, from https://www.statista.com/statistics/795932/reasons-why-the-training-industry-budget-decreased-us/
Training Magazine. "Reasons why the training industry budget decreased in the United States in 2023." Chart. November 14, 2023. Statista. Accessed December 08, 2023. https://www.statista.com/statistics/795932/reasons-why-the-training-industry-budget-decreased-us/
Training Magazine. (2023). Reasons why the training industry budget decreased in the United States in 2023. Statista. Statista Inc.. Accessed: December 08, 2023. https://www.statista.com/statistics/795932/reasons-why-the-training-industry-budget-decreased-us/
Training Magazine. "Reasons Why The Training Industry Budget Decreased in The United States in 2023." Statista, Statista Inc., 14 Nov 2023, https://www.statista.com/statistics/795932/reasons-why-the-training-industry-budget-decreased-us/
Training Magazine, Reasons why the training industry budget decreased in the United States in 2023 Statista, https://www.statista.com/statistics/795932/reasons-why-the-training-industry-budget-decreased-us/ (last visited December 08, 2023)
Reasons why the training industry budget decreased in the United States in 2023 [Graph], Training Magazine, November 14, 2023. [Online]. Available: https://www.statista.com/statistics/795932/reasons-why-the-training-industry-budget-decreased-us/